Monaro Mining releases Quarterly Report October 30, 2009

Monaro Mining (ASX: MRO) has released its Quarterly Report for the period ending 30 September 2009.

HIGHLIGHTS:

• Successful capital raising of $3 million to sophisticated investors. Placement oversubscribed. Funds to enhance key North American projects
• 250% increase in inferred uranium resources at Rio Puerco deposit, New Mexico USA
• Vale commits to second year of exploration and moves to Operator status over the Apache Basin uranium project, Arizona USA
• Kyrgyz uranium assets sold. Monaro to retain 25% free carried interest until Pre-Feasibility study

Click here to view the full announcement.

For further information, please contact:

Mart Rampe, Executive Director
+61 2 4647 9566

or

Jim Malone
Chairman
+61 419 537714

Media:
Luke Dean
Fortbridge
+612 9331 0655
+61 414 535 433
luke.dean@fortbridge.com